The question is not if it's going to drop that hard, the question is if it's gonna honor the fibs and provide a good entry.
When it hits the fan, don't say you weren't warned.
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Brace for impact: part 1
*if the triangle formation (pink lines) scenario would be the right one, then DOW could be located in a wave 2 correction and a bearish leg would start. Many pips ahead!
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It will be interesting.
To be noted that NDX & SPX don't need to wait for DOW. As an alternate view, DOW could have already finalized Intermediate (B) (red), with a triangle in Minor Y. A break of 24500.00 would send it crying towards 22000.00
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.